The Blowing Agent Market is expected to register a CAGR of 7% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by product type (hydrochlorofluorocarbons, hydrofluorocarbons, hydrocarbons and others). The report further presents analysis based on category (physical blowing agents and chemical blowing agents). The report is also segmented by foam (polyurethane foam, polystyrene foam, phenolic foam, polyolefin foam and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Blowing Agent Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Blowing Agent Market Segmentation
Product Type- Hydrochlorofluorocarbons
- Hydrofluorocarbons
- Hydrocarbons and Others
- Physical Blowing Agents and Chemical Blowing Agents
Strategic Insights
Blowing Agent Market Growth Drivers- Growth of construction industry: In the construction industry, a new application of blowing agents is gaining momentum to make lightweight materials like insulation foams for better insulation in energy-efficient construction practices. With the trend of energy efficiency becoming an essential requirement in building, the use of such applications is expected to rise multifold.
- High demand from automotive industry: Light-weight components in the automotive industry are made from blowing agents to enhance fuel efficiency and reduce emissions. These factors will increase the adoption of blowing agents in the manufacturing process as electric vehicles become more popular, and lighter materials are used to add performance in the automobile industries. This trend is expected to fuel the market growth as organizations roll out more innovative solutions to achieve regulatory standards.
- Strong growth of packaging industry: The packaging industry utilizes foaming materials that serve as cushioning and protective padding for products through blowing agents. This is particularly essential in easy-break items, food packaging, and other applications, where product integrity has to be preserved. Along with the increase in e-commerce, demand is growing for effective and sustainable packaging solutions via blowing agents.
- Environmentally friendly blowing agents: There is a new emphasis on sustainability, so there is new research into environmentally friendly blowing agents. Such traditional agents as HCFCs and HFCs are to be banned on environmental grounds. Innovations in natural, hence biodegradable blowing agents with lower global warming potential are gaining ground as they comply strictly with government regulations.
- Research and development activities: Manufacturers are investing more in research regarding compliant blowing agents, and this type of regulatory pressure is imposed on the use of harmful substances. More and more efforts into alternatives ensure that blowing agents meet not only regulatory compliance needs but also increase the performance of the product.
- Use of blowing agents in emerging applications: Recently, there have been many applications that are now emerging in new areas for the blowing agents. Snow 3D-printing, medical devices, and more of these electronic devices have been fitted with foams. The increased amounts of foams used for packaging very delicate items and increasing use of foamed polymers in 3D printed elements will help drive the market. Furthermore, these innovations in medical-grade foams that are applied in wound care, prostheses, and cushioning will further spur the need for specialized blowing agents.
- New product innovations: Demand growth in segments such as construction, automotive, and packaging drives research into advanced foam technologies because of a need for lightweight materials. New product launches can be expected to incorporate blowing agent-related innovations that enhance the properties of the foam with higher insulation, longer durability, and higher energy efficiency.
- Diverse applications: The diverse applications of blowing agents research would open new market segments. When industries focus on producing lighter and relatively more efficient materials, blowing agents that address diverse applications could attract substantial market shares. Thus, it adds up to the total market growth.
- Opportunities in emerging economies: With the rise of new industrialization and urbanization in emerging economies, opportunities abound for the global blowing agent market, especially in Asia-Pacific, Latin America, and Africa. Their promotion of infrastructure, construction, and automotive brings a boom in demand for lightweight materials as well as insulation and packaging solutions. They will open new markets, particularly to cost-effective yet high performance foaming blowing agents, toward having energy efficiency and environmental compliance among industries.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Blowing Agent Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Blowing Agent Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Bio-based blowing agents is expected to be the key market trends
Based on geography, Asia Pacific held the largest share of the blowing agent market due to growing construction, automotive, and packaging sectors
Based on product type, the chemical blowing agent segment is expected to witness the fastest growth during the forecast period
Arkema SA; Haltermann GmbH; E.I. Dupont De Nemours and Company; Foam Supplies Inc; Honeywell International Inc are some of the key players operating in the blowing agent market
The shift towards eco-friendly alternatives and technological advancement in foam production is driving the market growth
The Blowing Agent Market is estimated to witness a CAGR of 7% from 2023 to 2031
101. INTRODUCTION
1. 1. SCOPE OF THE STUDY
1. 2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1. 3. MARKET SEGMENTATION
1. 3. 1 Blowing Agent Market - By Chemistry
1. 3. 2 Blowing Agent Market - By Product Type
1. 3. 3 Blowing Agent Market - By Foams
1. 3. 4 Blowing Agent Market - By Region
1. 3. 4. 1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BLOWING AGENT MARKET LANDSCAPE
4. 1. OVERVIEW
4. 2. PORTER'S FIVE FORCES ANALYSIS
4. 2. 1 Bargaining Power of Buyers
4. 2. 1 Bargaining Power of Suppliers
4. 2. 1 Threat of Substitute
4. 2. 1 Threat of New Entrants
4. 2. 1 Competitive Rivalry
4. 3. EXPERT OPINIONS
5. BLOWING AGENT MARKET - KEY MARKET DYNAMICS
5. 1. KEY MARKET DRIVERS
5. 2. KEY MARKET RESTRAINTS
5. 3. KEY MARKET OPPORTUNITIES
5. 4. FUTURE TRENDS
5. 5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BLOWING AGENT MARKET - GLOBAL MARKET ANALYSIS
6. 1. BLOWING AGENT - GLOBAL MARKET OVERVIEW
6. 2. BLOWING AGENT - GLOBAL MARKET AND FORECAST TO 2028
6. 3. MARKET POSITIONING/MARKET SHARE
7. BLOWING AGENT MARKET - REVENUE AND FORECASTS TO 2028 - CHEMISTRY
7. 1. OVERVIEW
7. 2. CHEMISTRY MARKET FORECASTS AND ANALYSIS
7. 3. PHYSICAL BLOWING AGENTS
7. 3. 1. Overview
7. 3. 2. Physical Blowing Agents Market Forecast and Analysis
7. 4. CHEMICAL BLOWING AGENTS
7. 4. 1. Overview
7. 4. 2. Chemical Blowing Agents Market Forecast and Analysis
8. BLOWING AGENT MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
8. 1. OVERVIEW
8. 2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
8. 3. HYDROCHLOROFLUOROCARBONS (HCFCS)
8. 3. 1. Overview
8. 3. 2. Hydrochlorofluorocarbons (HCFCS) Market Forecast and Analysis
8. 4. HYDROFLUOROCARBONS (HFCS)
8. 4. 1. Overview
8. 4. 2. Hydrofluorocarbons (HFCS) Market Forecast and Analysis
8. 5. HYDRO CARBONS (HCS)
8. 5. 1. Overview
8. 5. 2. Hydro Carbons (HCS) Market Forecast and Analysis
8. 6. OTHERS
8. 6. 1. Overview
8. 6. 2. Others Market Forecast and Analysis
9. BLOWING AGENT MARKET - REVENUE AND FORECASTS TO 2028 - FOAMS
9. 1. OVERVIEW
9. 2. FOAMS MARKET FORECASTS AND ANALYSIS
9. 3. POLYURETHANE FOAM (PU)
9. 3. 1. Overview
9. 3. 2. Polyurethane Foam (PU) Market Forecast and Analysis
9. 4. POLYSTYRENE FOAM (PS)
9. 4. 1. Overview
9. 4. 2. Polystyrene Foam (PS) Market Forecast and Analysis
9. 5. PHENOLIC FOAM
9. 5. 1. Overview
9. 5. 2. Phenolic Foam Market Forecast and Analysis
9. 6. POLYOLEFIN FOAM
9. 6. 1. Overview
9. 6. 2. Polyolefin Foam Market Forecast and Analysis
9. 7. OTHERS
9. 7. 1. Overview
9. 7. 2. Others Market Forecast and Analysis
10. BLOWING AGENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10. 1. NORTH AMERICA
10. 1. 1 North America Blowing Agent Market Overview
10. 1. 2 North America Blowing Agent Market Forecasts and Analysis
10. 1. 3 North America Blowing Agent Market Forecasts and Analysis - By Chemistry
10. 1. 4 North America Blowing Agent Market Forecasts and Analysis - By Product Type
10. 1. 5 North America Blowing Agent Market Forecasts and Analysis - By Foams
10. 1. 6 North America Blowing Agent Market Forecasts and Analysis - By Countries
10. 1. 6. 1 United States Blowing Agent Market
10. 1. 6. 1. 1 United States Blowing Agent Market by Chemistry
10. 1. 6. 1. 2 United States Blowing Agent Market by Product Type
10. 1. 6. 1. 3 United States Blowing Agent Market by Foams
10. 1. 6. 2 Canada Blowing Agent Market
10. 1. 6. 2. 1 Canada Blowing Agent Market by Chemistry
10. 1. 6. 2. 2 Canada Blowing Agent Market by Product Type
10. 1. 6. 2. 3 Canada Blowing Agent Market by Foams
10. 1. 6. 3 Mexico Blowing Agent Market
10. 1. 6. 3. 1 Mexico Blowing Agent Market by Chemistry
10. 1. 6. 3. 2 Mexico Blowing Agent Market by Product Type
10. 1. 6. 3. 3 Mexico Blowing Agent Market by Foams
10. 2. EUROPE
10. 2. 1 Europe Blowing Agent Market Overview
10. 2. 2 Europe Blowing Agent Market Forecasts and Analysis
10. 2. 3 Europe Blowing Agent Market Forecasts and Analysis - By Chemistry
10. 2. 4 Europe Blowing Agent Market Forecasts and Analysis - By Product Type
10. 2. 5 Europe Blowing Agent Market Forecasts and Analysis - By Foams
10. 2. 6 Europe Blowing Agent Market Forecasts and Analysis - By Countries
10. 2. 6. 1 Germany Blowing Agent Market
10. 2. 6. 1. 1 Germany Blowing Agent Market by Chemistry
10. 2. 6. 1. 2 Germany Blowing Agent Market by Product Type
10. 2. 6. 1. 3 Germany Blowing Agent Market by Foams
10. 2. 6. 2 France Blowing Agent Market
10. 2. 6. 2. 1 France Blowing Agent Market by Chemistry
10. 2. 6. 2. 2 France Blowing Agent Market by Product Type
10. 2. 6. 2. 3 France Blowing Agent Market by Foams
10. 2. 6. 3 Italy Blowing Agent Market
10. 2. 6. 3. 1 Italy Blowing Agent Market by Chemistry
10. 2. 6. 3. 2 Italy Blowing Agent Market by Product Type
10. 2. 6. 3. 3 Italy Blowing Agent Market by Foams
10. 2. 6. 4 United Kingdom Blowing Agent Market
10. 2. 6. 4. 1 United Kingdom Blowing Agent Market by Chemistry
10. 2. 6. 4. 2 United Kingdom Blowing Agent Market by Product Type
10. 2. 6. 4. 3 United Kingdom Blowing Agent Market by Foams
10. 2. 6. 5 Russia Blowing Agent Market
10. 2. 6. 5. 1 Russia Blowing Agent Market by Chemistry
10. 2. 6. 5. 2 Russia Blowing Agent Market by Product Type
10. 2. 6. 5. 3 Russia Blowing Agent Market by Foams
10. 2. 6. 6 Rest of Europe Blowing Agent Market
10. 2. 6. 6. 1 Rest of Europe Blowing Agent Market by Chemistry
10. 2. 6. 6. 2 Rest of Europe Blowing Agent Market by Product Type
10. 2. 6. 6. 3 Rest of Europe Blowing Agent Market by Foams
10. 3. ASIA-PACIFIC
10. 3. 1 Asia-Pacific Blowing Agent Market Overview
10. 3. 2 Asia-Pacific Blowing Agent Market Forecasts and Analysis
10. 3. 3 Asia-Pacific Blowing Agent Market Forecasts and Analysis - By Chemistry
10. 3. 4 Asia-Pacific Blowing Agent Market Forecasts and Analysis - By Product Type
10. 3. 5 Asia-Pacific Blowing Agent Market Forecasts and Analysis - By Foams
10. 3. 6 Asia-Pacific Blowing Agent Market Forecasts and Analysis - By Countries
10. 3. 6. 1 Australia Blowing Agent Market
10. 3. 6. 1. 1 Australia Blowing Agent Market by Chemistry
10. 3. 6. 1. 2 Australia Blowing Agent Market by Product Type
10. 3. 6. 1. 3 Australia Blowing Agent Market by Foams
10. 3. 6. 2 China Blowing Agent Market
10. 3. 6. 2. 1 China Blowing Agent Market by Chemistry
10. 3. 6. 2. 2 China Blowing Agent Market by Product Type
10. 3. 6. 2. 3 China Blowing Agent Market by Foams
10. 3. 6. 3 India Blowing Agent Market
10. 3. 6. 3. 1 India Blowing Agent Market by Chemistry
10. 3. 6. 3. 2 India Blowing Agent Market by Product Type
10. 3. 6. 3. 3 India Blowing Agent Market by Foams
10. 3. 6. 4 Japan Blowing Agent Market
10. 3. 6. 4. 1 Japan Blowing Agent Market by Chemistry
10. 3. 6. 4. 2 Japan Blowing Agent Market by Product Type
10. 3. 6. 4. 3 Japan Blowing Agent Market by Foams
10. 3. 6. 5 South Korea Blowing Agent Market
10. 3. 6. 5. 1 South Korea Blowing Agent Market by Chemistry
10. 3. 6. 5. 2 South Korea Blowing Agent Market by Product Type
10. 3. 6. 5. 3 South Korea Blowing Agent Market by Foams
10. 3. 6. 6 Rest of Asia-Pacific Blowing Agent Market
10. 3. 6. 6. 1 Rest of Asia-Pacific Blowing Agent Market by Chemistry
10. 3. 6. 6. 2 Rest of Asia-Pacific Blowing Agent Market by Product Type
10. 3. 6. 6. 3 Rest of Asia-Pacific Blowing Agent Market by Foams
10. 4. MIDDLE EAST AND AFRICA
10. 4. 1 Middle East and Africa Blowing Agent Market Overview
10. 4. 2 Middle East and Africa Blowing Agent Market Forecasts and Analysis
10. 4. 3 Middle East and Africa Blowing Agent Market Forecasts and Analysis - By Chemistry
10. 4. 4 Middle East and Africa Blowing Agent Market Forecasts and Analysis - By Product Type
10. 4. 5 Middle East and Africa Blowing Agent Market Forecasts and Analysis - By Foams
10. 4. 6 Middle East and Africa Blowing Agent Market Forecasts and Analysis - By Countries
10. 4. 6. 1 South Africa Blowing Agent Market
10. 4. 6. 1. 1 South Africa Blowing Agent Market by Chemistry
10. 4. 6. 1. 2 South Africa Blowing Agent Market by Product Type
10. 4. 6. 1. 3 South Africa Blowing Agent Market by Foams
10. 4. 6. 2 Saudi Arabia Blowing Agent Market
10. 4. 6. 2. 1 Saudi Arabia Blowing Agent Market by Chemistry
10. 4. 6. 2. 2 Saudi Arabia Blowing Agent Market by Product Type
10. 4. 6. 2. 3 Saudi Arabia Blowing Agent Market by Foams
10. 4. 6. 3 U. A. E Blowing Agent Market
10. 4. 6. 3. 1 U. A. E Blowing Agent Market by Chemistry
10. 4. 6. 3. 2 U. A. E Blowing Agent Market by Product Type
10. 4. 6. 3. 3 U. A. E Blowing Agent Market by Foams
10. 4. 6. 4 Rest of Middle East and Africa Blowing Agent Market
10. 4. 6. 4. 1 Rest of Middle East and Africa Blowing Agent Market by Chemistry
10. 4. 6. 4. 2 Rest of Middle East and Africa Blowing Agent Market by Product Type
10. 4. 6. 4. 3 Rest of Middle East and Africa Blowing Agent Market by Foams
10. 5. SOUTH AND CENTRAL AMERICA
10. 5. 1 South and Central America Blowing Agent Market Overview
10. 5. 2 South and Central America Blowing Agent Market Forecasts and Analysis
10. 5. 3 South and Central America Blowing Agent Market Forecasts and Analysis - By Chemistry
10. 5. 4 South and Central America Blowing Agent Market Forecasts and Analysis - By Product Type
10. 5. 5 South and Central America Blowing Agent Market Forecasts and Analysis - By Foams
10. 5. 6 South and Central America Blowing Agent Market Forecasts and Analysis - By Countries
10. 5. 6. 1 Brazil Blowing Agent Market
10. 5. 6. 1. 1 Brazil Blowing Agent Market by Chemistry
10. 5. 6. 1. 2 Brazil Blowing Agent Market by Product Type
10. 5. 6. 1. 3 Brazil Blowing Agent Market by Foams
10. 5. 6. 2 Argentina Blowing Agent Market
10. 5. 6. 2. 1 Argentina Blowing Agent Market by Chemistry
10. 5. 6. 2. 2 Argentina Blowing Agent Market by Product Type
10. 5. 6. 2. 3 Argentina Blowing Agent Market by Foams
10. 5. 6. 3 Rest of South and Central America Blowing Agent Market
10. 5. 6. 3. 1 Rest of South and Central America Blowing Agent Market by Chemistry
10. 5. 6. 3. 2 Rest of South and Central America Blowing Agent Market by Product Type
10. 5. 6. 3. 3 Rest of South and Central America Blowing Agent Market by Foams
11. INDUSTRY LANDSCAPE
11. 1. MERGERS AND ACQUISITIONS
11. 2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11. 3. NEW PRODUCT LAUNCHES
11. 4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. BLOWING AGENT MARKET, KEY COMPANY PROFILES
12. 1. ARKEMA S. A.
12. 1. 1. Key Facts
12. 1. 2. Business Description
12. 1. 3. Products and Services
12. 1. 4. Financial Overview
12. 1. 5. SWOT Analysis
12. 1. 6. Key Developments
12. 2. DAIKIN INDUSTRIES, LTD
12. 2. 1. Key Facts
12. 2. 2. Business Description
12. 2. 3. Products and Services
12. 2. 4. Financial Overview
12. 2. 5. SWOT Analysis
12. 2. 6. Key Developments
12. 3. HALTERMANN GMBH
12. 3. 1. Key Facts
12. 3. 2. Business Description
12. 3. 3. Products and Services
12. 3. 4. Financial Overview
12. 3. 5. SWOT Analysis
12. 3. 6. Key Developments
12. 4. E. I. DUPONT DE NEMOURS AND COMPANY
12. 4. 1. Key Facts
12. 4. 2. Business Description
12. 4. 3. Products and Services
12. 4. 4. Financial Overview
12. 4. 5. SWOT Analysis
12. 4. 6. Key Developments
12. 5. FOAM SUPPLIES, INC
12. 5. 1. Key Facts
12. 5. 2. Business Description
12. 5. 3. Products and Services
12. 5. 4. Financial Overview
12. 5. 5. SWOT Analysis
12. 5. 6. Key Developments
12. 6. HARP INTERNATIONAL LTD
12. 6. 1. Key Facts
12. 6. 2. Business Description
12. 6. 3. Products and Services
12. 6. 4. Financial Overview
12. 6. 5. SWOT Analysis
12. 6. 6. Key Developments
12. 7. HONEYWELL INTERNATIONAL INC
12. 7. 1. Key Facts
12. 7. 2. Business Description
12. 7. 3. Products and Services
12. 7. 4. Financial Overview
12. 7. 5. SWOT Analysis
12. 7. 6. Key Developments
12. 8. KIBBECHEM, INC
12. 8. 1. Key Facts
12. 8. 2. Business Description
12. 8. 3. Products and Services
12. 8. 4. Financial Overview
12. 8. 5. SWOT Analysis
12. 8. 6. Key Developments
12. 9. LINDE AG
12. 9. 1. Key Facts
12. 9. 2. Business Description
12. 9. 3. Products and Services
12. 9. 4. Financial Overview
12. 9. 5. SWOT Analysis
12. 9. 6. Key Developments
12. 10. SOLVAY SA
12. 10. 1. Key Facts
12. 10. 2. Business Description
12. 10. 3. Products and Services
12. 10. 4. Financial Overview
12. 10. 5. SWOT Analysis
12. 10. 6. Key Developments
13. APPENDIX
13. 1. ABOUT THE INSIGHT PARTNERS
13. 2. GLOSSARY OF TERMS
The List Of Companies
- Arkema S. A.
- Daikin Industries, Ltd
- Haltermann GmbH
- E. I. Dupont De Nemours and Company
- Foam Supplies, Inc
- Harp International Ltd
- Honeywell International Inc
- KibbeChem, Inc
- Linde AG
- Solvay SA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For